Caution rules on Wall Street ahead of the Trump-Kim nuclear summit
CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=013d9168730d254190a114da560ff7a6579a001740a5e22fbd550a78ba8bf18e5e483812d64464b09d8ce5832fb4188e37c8607b1ecc83181874c688aba739b94d831af72430c950 here. https://click.response.cnbc.com/?qs=33785cbeb70b519efabbad8dcd16538618c72e9c6e99a31306e23570f3037b0bb14fff0b2086ff7a6e664453f7f4673e77f2dfb3402e85c4 The Dow, S&P 500, and Nasdaq finished last week with strong weekly gains. Futures pointed to a mixed open this morning. Dow Jones Fut 25,316.53 Current:25,340.00 Change:19.00 Impl. Open:14.47 S&P 500 Fut 2,779.03 Current:2,782.00 Change:-0.50 Impl. Open:-0.33 NASDAQ 100 Fut 7,152.62 Current:7,176.75 Change:0.25 Impl. Open:-2.87 Russell 2000 Mini 1,672.49 Current:1,675.60 Change:-0.80 Impl. Open:-1.89 Quotes as of 6/11/2018 7:29:33 AM ET BY THE NUMBERS U.S. stock futures this morning were pointing to a mixed open on Wall Street with caution abound ahead of the Trump-Kim summit and the Fed's post-meeting news conference on Wednesday. The Dow, S&P 500, and Nasdaq finished last week with strong weekly gains. (CNBC)- The Fed has a surprise in store that could mean an early end to interest rate hikes (CNBC) Secretary of State Mike Pompeo this morning said the Singapore summit between President Donald Trump and North Korean leader Kim Jong Un, which begins at 9 p.m. ET on Monday night, is "truly a mission of peace," adding the U.S. is "eager" to see if Kim is "sincere" about denuclearization. (CNBC)- Trump says he'll know 'within a minute' whether Kim Jong Un is serious about giving up weapons (CNBC)- Everything you need to know about the Trump-Kim summit (CNBC)- #TwoDictators lights up Twitter after Fox News accidentally uses term for both Kim and Trump (CNBC)President Trump, who left the G-7 meeting in Quebec early to travel to Singapore, lashed out again at Canada and the Europe Union this morning on Twitter, calling into question the trading relationship between the U.S. and some of its closest allies. (CNBC)- Trump trade adviser Peter Navarro: 'Special place in hell' for Canadian PM Trudeau (Politico)Trump's top economic adviser Larry Kudlow, said, "POTUS is not going to let a Canadian prime minister … push him around on the eve of this (Kim summit). He is not going to permit any show of weakness on the trip to negotiate with North Korea." (CNN) Bitcoin tumbled 10 percent on Sunday to its lowest in two months after a relatively small South Korean exchange said it was hacked. Other major cryptocurrencies also sank. They were all relatively stable this morning. (CNBC) https://click.response.cnbc.com/?qs=33785cbeb70b519ec5377dc76573a3bb0bbfb6c2626574f810769560746dba985ac13350db8e01554e69a315c3328093b8882d8226b99415 https://click.response.cnbc.com/?qs=33785cbeb70b519e931a3029b73f405f60a18787d6ef3a76c3826949cda96a2e5ace61987df966db873aaaae4b0eeb3e8dd09276e8af17b4 https://click.response.cnbc.com/?qs=33785cbeb70b519eb5e026aecf2539acf58dc85943c4f9096fa7d5b5f8cca3e85a33775c6f992f26ddeb9ca950a3ddb06aea36b377e01a73 $(document).ready(function($){ $('body.mobile-native .group p').each(function() { $(this).html($(this).html().replace(/\- /g,"• ")); }); }); setTimeout(function(){ var aBody = document.getElementById("article_body"); var aDeck = document.getElementById("article_deck"); aBody.insertBefore(aDeck, aBody.firstChild); $('body .group-container .subtitle').css({'border-bottom':'4px solid #CCD6DB', 'padding-bottom':'10px'}); $('.embed-container').css('cssText', 'margin:0 0 0px;width:100%;'); $("body.mobile-native .group p").css("border-bottom","1px solid #CCD6DB"); $("body.mobile-native .group p:last-child").css("border-bottom","none"); $("body.mobile-native .group-container .subtitle").css("margin-bottom","0px"); $(".mobile-native article p, .mobile-native article ul, .mobile-native article ol").css("padding","30px 0px 30px 0px"); $("#article_deck").css({'border-top':'none'}); $('.story-top').css({'border-bottom':'none'}); }, 200); IN THE NEWS TODAY Deal makers across all industries are waiting for tomorrow, when a federal judge is set to rule on the government's effort to block AT&T's (T) $85 billion bid to buy Time Warner (TWX). (NY Times' DealBook) div > div.group > p:first-child"> It's official. The Federal Communications Commission's repeal of net neutrality rules, which had required internet service providers to offer equal access to all web content, took effect on Monday. (NY Times) Foxconn is investigating a China plant that makes devices for Amazon (AMZN) following a report by a U.S. watchdog group describing harsh working conditions at that factory. (Reuters) Facebook (FB) formed special deals with select companies that granted them access to the data of users and their friends well past 2015, when the social media company said it cut off developer access to that information. (WSJ) John Lasseter, the animation chief on leave at Disney (DIS) after complaints about unwanted workplace hugging, won't return. Lasseter, co-founder of Pixar, was the creative force behind the billion-dollar "Toy Story" and "Frozen" franchises. (NY Times) WPP's (WPP) investigation of ex-CEO Martin Sorrell looked into whether he was reportedly using company money to pay for a prostitute. Sorrell stepped down from the ad giant following the conclusion of that inquiry. (WSJ). Hurricane Bud, now swirling off the west coast of Mexico, is forecast to strengthen into a Category-2 storm and impact both Mexico and the Southwest U.S. over the next few days. (USA Today) Today's ribbon-cutting for an 80-story office building at the new World Trade Center will be the third completed skyscraper at the site where the twin towers stood before 9/11. (USA Today) STOCKS TO WATCH Microsoft (MSFT) unveiled exclusive games for the Xbox console and the acquisition of four content studios, as the U.S. tech giant tries to regain lost ground against the PlayStation made by Japan's Sony (SNE). Envision Healthcare (EVHC) is near a deal to be acquired by private equity firm KKR (KKR) for $46 per share or about $5.5 billion excluding debt, according to the Wall Street Journal. Shoe retailer DSW (DSW) was outbid by privately held Authentic Brands in the bidding for bankrupt shoe retailer Nine West, according to the Wall Street Journal. The winning bid was said to be worth about $350 million. Rent-A-Center (RCII) said it did not find a suitable buyer and has ended its review of strategic alternatives. The rent-to-own furniture retailer did say it will continue with its expense reduction initiatives. Southwest Airlines (LUV) shares could be poised to bounce back from a recent slide, according to Barron's. Southwest shares began to decline in January and accelerated following April's deadly engine accident. WATERCOOLER "Ocean's 8," the reboot with a powerhouse female crew, easily stole the box office crown from struggling "Solo," with a series-best debut weekend of $41.5 million in North American ticket sales. (The Hollywood Reporter) Robert De Niro's comments didn't make it past the censors at last night's Tony Awards. But that doesn't mean viewers watching couldn't read his lips when he said, "(expletive) Trump" to thunderous applause. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=33785cbeb70b519ea3042a273570d288910c74d36048a55c69cf3da43aab1ecc1d12bde16cdeda12c003204677439495c25dcc2d8719b8e7440db1b8cb7c0877 https://click.response.cnbc.com/?qs=33785cbeb70b519ea3042a273570d288910c74d36048a55c69cf3da43aab1ecc1d12bde16cdeda12c003204677439495c25dcc2d8719b8e7440db1b8cb7c0877 Berkeley Lovelace Jr.News Associate https://click.response.cnbc.com/?qs=33785cbeb70b519eb0dff0899d5d030b31734bc3536c115f7686006226c8cbe27e5ce4f7e0829295bd47d1c4c6fa7dd0cf09eae2f206ba054ca8e3e06ae061f1 @BerkeleyJr https://click.response.cnbc.com/?qs=33785cbeb70b519e5df101a7f7821ab89ad4abf6e048abff3b681b264bb1a0bd8cd4cfe2c8a0dfc59174303db51a6bbbd94c77ae712e0f8c https://click.response.cnbc.com/?qs=33785cbeb70b519e5df101a7f7821ab89ad4abf6e048abff3b681b264bb1a0bd8cd4cfe2c8a0dfc59174303db51a6bbbd94c77ae712e0f8c Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=33785cbeb70b519e21bb71cb2674d488a9717d98c41e4b7c924424fd0b86c1bf308094e71840633dda138220e65217e49729772c287611db @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=33785cbeb70b519e6b5bb5559403c6c64b58818a931e68d2cd63394410a03f62ac3cddfc93b37b4c7246d0d728968804fc236e92eb0f0717 our simple form to let us know what you think. Click https://click.response.cnbc.com/?qs=33785cbeb70b519efabbad8dcd16538618c72e9c6e99a31306e23570f3037b0bb14fff0b2086ff7a6e664453f7f4673e77f2dfb3402e85c4 here for Real-Time data and top stories on your desktop or mobile device. https://view.response.cnbc.com/ftaf.aspx?qs=013d9168730d254190a114da560ff7a6579a001740a5e22f97d7659e0716196425569db1c6cb767a77968c33c5c5dfaf https://view.response.cnbc.com/ftaf.aspx?qs=013d9168730d254190a114da560ff7a6579a001740a5e22f97d7659e0716196425569db1c6cb767a77968c33c5c5dfaf Send this email to a friend https://click.response.cnbc.com/?qs=33785cbeb70b519ea42674b986801e16fe1e047ae2707f71708cc9cc1f7654d7489206b27331a211ccd7850b8681f73b389181a578a1582b https://click.response.cnbc.com/?qs=33785cbeb70b519edc5d90f8b667683f9148f83f1140daf58e000c98e8096cf89f63be7c0bcfa3b9e93452d055641eb0eb1380230d40d23d https://click.response.cnbc.com/?qs=33785cbeb70b519ed891925f0fd02a942802ce073e2ea9ce5a1e89857392b09da08ba621658ac59f8cdfe32d8cb3e5c2c1dfb56e8e875962 https://click.response.cnbc.com/?qs=33785cbeb70b519e6c3325a0afdb2e516a8de7f64c1002dffcef237d0b00b9db76d4e05327e80de0e19a52cc2d6b8c235025d67b1e4b2d33 https://click.response.cnbc.com/?qs=33785cbeb70b519e0d104fb1e551ada20b58f2c1ee4039282e3b96cc31b60f59eb38fa9b2470e51199869b55948394b2df52cd8daf5c9259d04962401f63e549 Unsubscribe https://click.response.cnbc.com/?qs=33785cbeb70b519ed3a00350ffd4cff6b240c3b5cef83c8b9959e23f7a506a8066b0974bea449c8b26c9698697ffb46277c9f5cfbcf7c66a Advertise https://click.response.cnbc.com/?qs=33785cbeb70b519e6d0039b7c6b9ef63cf2eb7370295e1f1ffa8a7ca14c6c97fa0b64dd5f7b8e019ab87f9129dc1cf1e21a3314d65eace51b8c20a09b42f24f9 More Newsletters https://click.response.cnbc.com/?qs=33785cbeb70b519e148f6ae756f30361d560af3760d297b4a124527f74ae53e01b26b4316422fc19207aa41286f9fa67d93236de6a5ad6da Digital Products (c) CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 To ensure delivery to your inbox, please add mailto:[email protected] [email protected] to your address book.